The Time Measure tool quickly and easily counts the distance between two bars in any time frame (eg hours, bars, calendar days, weeks). The distance can be repeated to identify potential market cycles.
The repeated measures can also be expanded, so with an Expansion of 1.5 the second repeated measure in the example above would be 81 days, followed by 121 days, etc. Also, clients with the optional Astro Tool Module are able to measure the time by planetary degrees.
To add the tool to your chart, select the tool from the Drawing tool group, and left-click once on the chart to select the starting point, and left-click once more on the chart to calculate the distance between the two.
Actions & Properties
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Time Measure tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as line colour - as this allows all the other Time Measure tools in the chart, page or entire workbook to be updated instantly.
Copy Tool: Allows you to copy the selected tool, which can then be pasted onto a different chart window.
Move to Back: If the tool is displaying in front of other tools or indicators clicking this action will move the tool view to the background.
Move to Front: If the tool is displaying behind other tools or indicators on the chart, clicking this action will bring the tool to the forefront.
Restore Default Settings: Click this action if you have adjusted the default settings of the tool, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the tool’s properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Time Measure to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Tool Name: Allows you to adjust the name of the tool, as it’s displayed in the Structure Panel.
Repeats: Use this option to select the number of times the measured count is repeated.
Expansion: If Repeats are selected, use this factor to increase the repeated measure. For example, a measure of 10 bars with an expansion of 2 would draw the repeated counts at 20, 40, 80 etc
Label Type: Sets the time-frame for the count. The options are Minutes, Hours, Calendar Days, Trading Days, Weeks, Months, Years, or Bars. Clients with the Astro module also have the option to select a planet to measure the time by planetary degrees.
Draw to Bar: Check this box to draw a vertical bar from the label to the price action.
Font Size: Allows you to adjust the size of the text displayed for the label. Moving the slider bar to the right increases the font size.
Font Colour: Changes the colour of the label. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
Line Style: The Line Style property allows you to adjust the type of line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, Stippled.
Line Width: Allows you to adjust the width of the lines. Moving the slider bar to the right increases the thickness of each line.
Line Colour: Select this to change the colour of the lines. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
Fill Colour: Allows you to select the background colour of the label box. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
Fill Transparency: Use this option to make the fill colour transparent. Moving the slider to the left will increase the transparency.
Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency of the tool.
Visible: Un-tick this checkbox to hide the tool from the chart.